Shares of SilverCrest Metals Inc. (NYSE:SILV - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $9.96, but opened at $10.31. SilverCrest Metals shares last traded at $10.23, with a volume of 292,972 shares traded.
Analysts Set New Price Targets
Separately, Ventum Cap Mkts cut SilverCrest Metals from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 4th.
Check Out Our Latest Report on SilverCrest Metals
SilverCrest Metals Stock Performance
The company's 50 day moving average is $9.98 and its 200 day moving average is $9.57. The firm has a market cap of $1.50 billion, a P/E ratio of 17.67 and a beta of 1.20.
Hedge Funds Weigh In On SilverCrest Metals
Several large investors have recently bought and sold shares of the company. Toronto Dominion Bank grew its stake in shares of SilverCrest Metals by 40.7% in the second quarter. Toronto Dominion Bank now owns 4,234 shares of the company's stock worth $35,000 after purchasing an additional 1,225 shares during the last quarter. Blue Trust Inc. increased its stake in shares of SilverCrest Metals by 194.1% in the third quarter. Blue Trust Inc. now owns 5,120 shares of the company's stock valued at $47,000 after buying an additional 3,379 shares during the period. Eastern Bank bought a new position in shares of SilverCrest Metals during the third quarter worth about $88,000. D.A. Davidson & CO. acquired a new position in shares of SilverCrest Metals in the third quarter worth approximately $92,000. Finally, Austin Private Wealth LLC bought a new stake in SilverCrest Metals in the third quarter valued at approximately $94,000. 44.75% of the stock is currently owned by institutional investors.
About SilverCrest Metals
(
Get Free Report)
SilverCrest Metals Inc engages in the acquiring, exploration, and development of precious metal properties in Mexico. The company primarily explores for silver and gold properties. Its focuses on principal property the Las Chispas Mine that consists of 28 concessions totaling of approximately 1,401 hectares located in Sonora, Mexico, as well as operates a portfolio of El Picacho, Cruz de Mayo, and Angel de Plata properties in Sonora Mexico.
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